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Company Registration No. 10826052 (England and Wales)
Oatland News Limited Unaudited accounts for the year ended 30 June 2025
Oatland News Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Oatland News Limited Company Information for the year ended 30 June 2025
Directors
Mr Omran Malik Mrs. Saiqa Malik
Company Number
10826052 (England and Wales)
Registered Office
4 Carlton Parade Leeds West Yorkshire LS7 1HA
Accountants
Malik Chopdat & Co 99 Manningham Lane Bradford West Yorkshire BD1 3BN
- 3 -
Oatland News Limited Accountants' report
Accountants' report to the board of directors of Oatland News Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oatland News Limited for the year ended 30 June 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Oatland News Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Oatland News Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oatland News Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Oatland News Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oatland News Limited. You consider that Oatland News Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Oatland News Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Malik Chopdat & Co 99 Manningham Lane Bradford West Yorkshire BD1 3BN 26 June 2025
- 4 -
Oatland News Limited Statement of financial position as at 30 June 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
228,064 
232,719 
Tangible assets
5
37,772 
32,635 
265,836 
265,354 
Current assets
Inventories
9,653 
12,313 
Debtors
6
- 
791 
Cash at bank and in hand
54,944 
60,660 
64,597 
73,764 
Creditors: amounts falling due within one year
7
(16,208)
(41,621)
Net current assets
48,389 
32,143 
Total assets less current liabilities
314,225 
297,497 
Creditors: amounts falling due after more than one year
8
(118,218)
(126,218)
Net assets
196,007 
171,279 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
195,907 
171,179 
Shareholders' funds
196,007 
171,279 
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by
Mr Omran Malik Director Company Registration No. 10826052
- 5 -
Oatland News Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Oatland News Limited is a private company, limited by shares, registered in England and Wales, registration number 10826052. The registered office is 4 Carlton Parade, Leeds, West Yorkshire, LS7 1HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2024
269,850 
At 30 June 2025
269,850 
Amortisation
At 1 July 2024
37,131 
Charge for the year
4,655 
At 30 June 2025
41,786 
Net book value
At 30 June 2025
228,064 
At 30 June 2024
232,719 
- 6 -
Oatland News Limited Notes to the Accounts for the year ended 30 June 2025
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2024
20,995 
35,726 
56,721 
Additions
- 
12,770 
12,770 
At 30 June 2025
20,995 
48,496 
69,491 
Depreciation
At 1 July 2024
12,773 
11,313 
24,086 
Charge for the year
2,056 
5,577 
7,633 
At 30 June 2025
14,829 
16,890 
31,719 
Net book value
At 30 June 2025
6,166 
31,606 
37,772 
At 30 June 2024
8,222 
24,413 
32,635 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
39 
Accrued income and prepayments
- 
752 
- 
791 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
4,735 
VAT
90 
- 
Trade creditors
1,461 
1,325 
Taxes and social security
6,116 
31,651 
Accruals
8,541 
3,910 
16,208 
41,621 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
8,034 
16,034 
Loans from directors
110,184 
110,184 
118,218 
126,218 
- 7 -
Oatland News Limited Notes to the Accounts for the year ended 30 June 2025
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Omran Malik
Director's loan
91,528 
- 
- 
91,528 
Mrs. Saiqa Malik
Director's Loan
91,528 
- 
- 
91,528 
183,056 
- 
- 
183,056 
10
Average number of employees
During the year the average number of employees was 7 (2024: 7).
- 8 -